The continuing unrest in Libya has resulted in production at Libyan oilfields being cut by more than half according to the IEA.
Exploration & Production
Schlumberger awarded contracts to drill Iraqi wells
Schlumberger, the oil services firm, has been awarded a contract to drill 10 wells in Iraqs West Qurna Phase One oilfield by ExxonMobil and its partners.
No new oil concessions in Libya in 2011
Libya does not intend to issue any new oil concession licences this year according to the chairman of the countrys National Oil Corporation (NOC) Shokri Ghanem.
Jordan pushes ahead with its oil shale project
Jordan is pushing ahead with a scheme to supply up to 14 per cent of its energy needs from oil shale as the country is looking at ways to not be so reliant on imports of oil and gas from Gulf countries.
Iraq’s oil production hits 2.6 million bdp
The newly appointed Iraq oil minister, Abdul Karim al-Luaibi, announced in December 2010 that the countrys oil output had risen to 2.6 mn bdp from just under 2.4 mn as a result of a production increase from the giant Zubair and Rumaila oilfields.
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